Nov. 10 at 3:37 PM
$UEIC 1️⃣ Cash minus debt
( 31,506 – 18,256 = 13,250 )
2️⃣ Receivables minus payables
( 83,800 – 59,200 = 24,600 )
3️⃣ Goodwill = 0
4️⃣ Subtract other liabilities from PPE + inventory
( (29,331 + 80,605) – (47,262 + 9,834) = 109,936 – 57,096 = 52,840 )
5️⃣ Apply valuation multipliers
• Cash & receivables (at 1×) → 13,250 + 24,600 = 37,850
• PPE + inventory (at 0.5×) → 52,840 × 0.5 = 26,420
⸻
💰 Adjusted Book Value = 37,850 + 26,420 = ≈
$64.3 million
